The company will roll out 5G commercial services in four cities -Delhi, Chennai, and Kolkata - around Diwali this Mumbai, month and slowly ramp up the processes for other cities, too.
A senior executive, when asked whether Jio will charge higher tariffs for 5G against 4G, said: "In the initial stages, customers have to adopt 5G, then they will have to find value in the service, and then one can look at monetization."
According to Jio, there are currently 550 million smartphone users in the country, of whom around 50 million have 5G phones and they would be early adopters of the technology.
Considering that customers usually change their phones every three years, 150-200 million smartphone users may buy a new device every year.
According to the Jio executive, assuming that 10 million customers every month upgrade to a 5G phone, there will be 120 million new 5G customers to tap every year.
This story is from the October 03, 2022 edition of Business Standard.
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This story is from the October 03, 2022 edition of Business Standard.
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